BMO World Elite CashBack: dropped to 1.5% since Oct 3rd

Sad news: we are losing another top everything cashback card soon. Since October 3rd, the title-mentioned card will be having 1.5% cashback on everything, dropping by 0.25% from original 1.75%.

I have to admit that cashback cards are keep getting worse in Canada. Other cards that are getting worse include: Amex Simply Cash Preferred Card: its annual fee has been increased from 79 to 99, even though they add the cashback to 1.25% after the first six months.Tangerine Money Back MC: it used to have the 4% promotion for selected categories, and 1% on non-selected categories. Now it got no promotion and 0.5% cash back on non-selected categories. Those changes did not hurt me by much, since my major cards are actually points cards. Let's hope these devaluation would not happen to points cards in Canada.